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Symphony Environmental leaps 24% after trading update and product launch

Last updated: 15:15 30 Jan 2017 GMT, First published: 08:44 30 Jan 2017 GMT

Wilkos
Wilko will stock Symphony's new antimicrobial household gloves

Shares in Symphony Environmental Technologies plc (LON:SYM), the ‘smart plastics’ specialist, leapt higher today after it said revenues and earnings for the year just gone will exceed market expectations and it unveiled a deal with a leading retailer.

Sales for the 12 months to December 31 are set to be in the order of £6.8mln, while the company will move into the black this year following its cost reduction programme.

In late afternoon trading, Symphony shares were over 24% higher, up 1.125p at 5.75p each.

In a separate announcement Symphony said Wilko stores will stock its new antimicrobial household gloves.

Sold under the Protector Health & Hygiene brand, the line has been made using d2p antimicrobial technology developed by Symphony over the past two years.

The material has been scientifically tested to kill bacteria, fungi, moulds, algae and yeasts.

Symphony chief executive Michael Laurier said: “We are very excited to be working with Wilko in launching our new d2p product.”

 -- Updates share price --

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